Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
RTNominal up3.090 +0.150 (+5.102%)

04/09/2019 16:54

{I-bank focus}UBS lowers China Oriental (00581) to HK$4.54

[ET Net News Agency, 4 September 2019] UBS Global Research lowered its target price for
China Oriental (00581) to HK$4.54 from HK$5.87 and maintained its "buy" rating.
Despite industry headwinds, China Orientals' high exposure to the high-end product
should help protect earnings, said the research house. Factoring in UBS's industry outlook
and the 1H results, it cut its 2019/20 earnings forecasts by 2%/17%.
While the share price has corrected over 30% since July amid the current trade tensions,
management remains positive about operations. UBS said China Oriental's sintering
production cut ratio in August shrank from 42% in 2018 to 20% in 2019, indicating
management has upgraded the company's status equivalent to SOE steel mills. (KL)

Remark: Real time quote last updated: 06/12/2019 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2019 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.